The Albanian is the new manager at Olympiakos, with Mark Warburton's job at the club safe.
The former Anderlecht boss is set for Polish football.
Developments at Forest mean Wolves could have a new rival in their pursuit of a new front man.
The Albanian has been linked with the Forest job in Belgium.
The Albanian has been linked with taking over from Remi Garde at Villa Park.
Aston Villa are reportedly interested in Anderlecht boss Besnik Hasi.
The north London side were bested in familiar fashion in the Europa League on Thursday night.
The Belgian midfielder is pin-pointed as the dangerman by Anderlecht's coach.
Hasi believes Mitrovic is sure to become a success with Newcastle United.
Anderlecht striker Aleksandar Mitrovic has been linked with a move to Premier League outfit Newcastle United this summer.